Hive Blockchain Technologies Ltd (HVBTF) Stock Moves Back to $3: What Next?

Investors who are interested in blockchain and cryptocurrency stocks might consider taking a look at the Hive Blockchain Technologies Ltd (OTCMKTS:HVBTF) stock.

Hive Blockchain Technologies Ltd (HVBTF) Stock Moves Back to $3: What Next?

The stock is on the move this morning and has managed to record gains of 10% so far. There has been no news about the company this morning but the rally might have been triggered by the completion of the previously announced share swap transaction with DeFi Technologies Inc. In this transaction, Hive received 10 million shares of DeFi common stock, while DeFi was awarded 4 million shares of Hive stock.

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On the other hand, the two companies have also started a partnership around the decentralized finance ecosystem built by DeFi. This share swap has given Hive a stake in DeFi. Last week, the company also announced that it completed the acquisition of a 50 MW data center campus from GPU.One Holding Inc. The campus is located in New Brunswick. Investors could consider keeping an eye on the Hive stock this morning.

 

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.